Inflation in the Netherlands accelerated to 3.1 percent in July 2026, according to a flash estimate from Statistics Netherlands (CBS) released on Friday.
The consumer price index (CPI) rose from 2.9 percent in June.
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On a monthly basis, prices increased by 1.6 percent, notably higher than the ten-year average July rise of 1.1 percent.
Energy Prices Lead the Surge
Energy prices, including motor fuels, jumped 9.7 percent compared with the same month last year.
This was the largest category increase and the main driver behind the overall inflation rate.
Peter Hein van Mulligen, chief economist at CBS, attributed the spike to the collapse of the truce between the United States and Iran at the end of June.
"The oil price went up and you notice that at the pump," he said.
Despite the sharp rise in energy markets, prices for food, beverages, and tobacco remained flat at 0.0 percent year-on-year.
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Van Mulligen noted that "the predictions of rapidly rising inflation have not come true so far."
However, he warned that higher energy costs could eventually feed through to other goods.
"You can assume that higher energy prices will eventually end up in the stores as well," he added.
Using the European Harmonised Index of Consumer Prices (HICP), which excludes owner-occupied housing costs, Dutch inflation stood at 2.9 percent for July.
The eurozone as a whole also saw a preliminary inflation rate of 2.9 percent.
European Central Bank President Christine Lagarde has previously stated that eurozone inflation would remain well above the 2 percent target until at least 2027.
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CBS is scheduled to publish definitive July inflation figures on August 11.
